Ted Baker reports overall growth despite losses in international markets
Fashion brand Ted Baker has reported a group revenue uplift of 4.4 per cent in spite of “very difficult trading conditions” internationally.
Headquartered in London, the global brand reported that overall retail sales were up by 4.2 per cent to £461m in the 52 week period ending January 26.
Ted Baker’s UK and US businesses propped this up with increases of 4.6 per cent and 4.7 per cent respectively, while sales in the rest of the world dropped by 4.7 per cent on the previous year.
Despite the loss in international markets, the company was bolstered by selective expansion of stores and outlets across the UK and Europe, as well as the acquisitions of Pentland footwear brands No Ordinary Shoes and No Ordinary Shoes USA in September last year.
Acting chief executive officer, Lindsay Page commented: “Ted Baker has continued to grow across each of the brand’s distribution channels despite difficult trading conditions across a number of the Group’s global markets.
“This resilient sales performance again reflects the strength of the brand, the talent of our teams, and the quality of our collections.We have made a number of significant investments to ensure that Ted Baker remains well positioned for long term development.”
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